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Vermilion Energy posts loss of $62.6 million in 1st quarter

CALGARY – CALGARY, Alberta (AP) _ Vermilion Energy Inc. (VET) on Friday reported a first-quarter loss of $62.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Calgary, Alberta-based company said it had a loss of 56 cents. Losses, adjusted for asset impairment costs, came to 50 cents per share.

The oil and natural gas explorer posted revenue of $129.3 million in the period.

Vermilion shares have increased 22 per cent since the beginning of the year. The stock has decreased 29 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VET at http://www.zacks.com/ap/VET

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